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Direxion Daily Semiconductor Bull 3x SharesDirexion Daily Semiconductor Bull 3x SharesDirexion Daily Semiconductor Bull 3x Shares

Direxion Daily Semiconductor Bull 3x Shares

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SOXL At a crossroadAlmost at the top of consolidation. What happens next could very well influence not just the chip sector but The QQQ index too Noticable Names inside this ETF INTC AVGO NVIDIA AMD TSM Qcom I wouldnt be convinced with a breakout unless we get over previous highs around 48$ 2 reasons im not convinced of a breakout coming this week 1. The volume! we are carrying 40% less volume than we were back in the spring when chip shortage news started widely circulating. 2. Most of the biggest weighted chip makers have already had their earnings and with it i dont expect any new highs from NVDA, INTC or Qcom.
AMEX:SOXL
by ContraryTrader
3
$SOXL - semiconductors Bull 3x gonna explode soon $SOXL #SOXLAs we expect the boom in the sector in the upcoming years related to the worldwide shortage of semiconductors I thought it could be a good idea to buy this ETF instead of specific stocks. This way I can track what's going on in the industry and stay with the position without the need to rebalance all the time. Keep in mind: 1) NVDA (which is 7% of ETF) will have a split in June (typically bullish) 2) AMAT, LRCX - other strong companies of the sector are on the edge of a breakout 3) Technicals are strong, above all SMAs except 20 (this gonna happen soon as well) 4) Crazy runners like LEDS also related to semiconductors
AMEX:SOXLLong
by trickykid
SOXL Back to 40 - HODL for ComputexThis week semiconductors have been outperforming and I believe they will continue to outperform into computex, then the news will either be dumped, or we will continue to analyst consensus, then get dumped. Positives: Computex is on May 31st, new products from most chip companies incoming. Today Bank Of America and various other banks, maintained overweight and buys on Micron , Intel and NVDA . Further AMD announced 4bn in share buy backs. In Chart a trend based fib, shows a support at this level. MACD is about to cross green. Concerns: Cisco crashed on earnings today. CN continues to threaten TW so TSM and most of the industry is at risk, also in general the market has been bearish since late February. There's a chip shortage, but it's mostly too much demand. SOXL has been stuck in a sideways movement, being bought in US, sold overnight. Though SOXL is meant to be a daily trade so this is reasonable...
AMEX:SOXL
by Chaython
1